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Showing 71 - 80 of 300 results for "oil"

New NZ gov scraps 2030 emissions goal

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
... of total electricity generation in 2022, including coal (47% - down from 83% in 2000), gas (19% - up from 18% in 2021) and oil (2%). However, according to data from OpenNEM South Australia averaged 90% wind and solar over the past week - meaning the ...

Solving carbon credit concerns with blockchain

ROSE MARY PETRASS  |  MONDAY, 9 OCT 2023  |  NEWS
... tasks," he said. Further project developers include a direct air capture company, and a clean-tech firm recycling used motor oil into high-grade group III synthetic lubricants. Justin Chapman, global head of Digital Assets and Financial Markets, at Northern ...

Act now on carbon emissions to avoid higher costs later: EY

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... reduction incentives - that critical mass creates a critical change in thinking about how we're going to pursue abatement? Oil and gas projects, along with coal mines, will deliver around 90% of emissions reductions in the short-term, but EY notes ...

Danish pension fund completes US$520m divestment

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
Danish pension fund AkademikerPension has completed a fossil fuel divestment program to exit its portfolio of oil and gas stocks worth US$520 million with the sale of Italy's ENI. The fund, which oversees $20 billion in client assets, has undergone ...

Climate fund assets reach half a trillion dollars

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
... funds grew by 4% in the past 18 months to US$31.7 billion despite the Inflation Reduction Act. This is attributed to high oil and gas prices, as well as falling valuations in renewable energy stocks. European investors favour climate transition funds ...

Exiting emissions-intensive assets may not reduce climate risk

ROSE MARY PETRASS  |  THURSDAY, 28 SEP 2023  |  NEWS
... face systemic, value destruction risks from a volatile, rather than managed decline in carbon energy, particularly in the oil and gas sector. This means more active stewardship is now urgently required by investors over emissions targets, capex plans ...

US regulator adopts tighter rules for ESG fund names

RACHEL ALEMBAKIS  |  THURSDAY, 21 SEP 2023  |  NEWS
... hard-earned savings into an 'ESG' or 'fossil free' fund, they expect to reduce their climate risk and not own big oil, coal, and deforestation," said As You Sow CEO Andrew Behar. " These new rules will help provide needed truth in advertising ...

Norway's oil fund updates climate demands

ROSE MARY PETRASS  |  WEDNESDAY, 20 SEP 2023  |  NEWS
... Investment Management has told all companies to apply the demands and will apply the policy to its own voting decisions. The oil fund's new climate risk demands are anticipated to have a substantial impact on companies around the world. According to ...

Forestry companies create global engagement body

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
... conservation efforts. In addition, 28 countries have committed to ensuring trade in globally important commodities such as palm oil, cocoa and soy, does not contribute to deforestation. "What we're finding is that there are a series of processes ...

Ethical investments recover performance: Chant West

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  WEDNESDAY, 16 AUG 2023  |  NEWS
... respectively. During the previous year ESG options underperformed due to macroeconomic factors - they did not benefit from soaring oil and gas prices, while their non-ethical peers reaped the advantages of the war in Ukraine. However, ethical funds now ...